Venezuela's Petrovictoria to pump 120,000 bpd in 2016 -PDVSA
JOSE, Venezuela May 23 (Reuters) - Venezuela's Petrovictoria, a joint venture between state oil company PDVSA and Russia's Rosneft, will begin production of 120,000 barrels per day in 2016, PDVSA said on Thursday.
The joint venture will produce ultra-heavy crude from the vast Orinoco belt.
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